Africa’s big groups can drive wealth creation and development, says McKinsey
At least 345 have annual revenue of more than $1bn and about 40% have SA head offices
05 June 2023 - 20:52
Big private companies have been identified as essential drivers of economic growth in Africa as they contribute more to employment and tax revenue, according to a McKinsey study released on Monday.
Presenting the report’s findings at the Africa CEO Forum in Abidjan, Ivory Coast, Johannesburg-based McKinsey senior partner Acha Leke said emerging economies with consistently high growth rates have twice as many large companies as other economies...
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